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Bearish Trend Line

Officially still in the bearmarketIt nuked down to 53K range but feeling its not over it ; it will still go below 57K. This is pretty mid-short sell. Do have a 50K feeling will hit even dip below 50K can happen Im keeping it short as possible cuz i don't see any sign of buyers and bullish quite yet until the correction is finish. Ill say the prediction won't be finish until we hit 50K even or somewhere around 40K area and i heard rumors that the bulls will get back until reach about 30k-35k Im not a financial advisor so please don't ask if we hit a good trade; if its a stay away then don't trade and use your own analysis instead. Safe trading yall
BITSTAMP:BTCUSD
by JoyBoyVegae
EURUSD - Secret pattern no one talks about! (big crash coming)In my previous EURUSD post, I analyzed the historical chart (1971 - 2024). You know that EURO is heading for a big crash. If you haven't seen this very important post, please check out the related section down below. You have to see it if you are a real EURUSD trader.  Today, let's take a look at the actual 2023/2024 price action to see what is going on here. We have a secret head and shoulders pattern, that no one knows about. In general, the head and shoulders pattern is a reversal pattern and usually occurs at the top of the trend. These patterns are pretty much never perfect, so it's not always easy to spot them. This one is really hard to see, but I made it easy for you. We have 2 shoulders, and each shoulder is composed of a parallel channel. Neckline / HEAD is in the middle. This is of course an important level and strong support/resistance. Right now, it's a support, but once we break it, it turns into a resistance. Of course, I expect a breakdown on this bearish pattern, so make sure you are prepared for what is coming! Is it good to short EURO now? Yes. Where to take profit? It depends on how long you want to wait. I have market 3 strong levels on the way down. The first is the neckline of the HaS pattern. The second is the POC (Point of Control) of the previous market structure. The third is the previous major swing low. From the Elliott Wave perspective, I see a bearish Elliott Nest, that is composed of waves (1-2-1-2). This is an extremely strong fractal because once wave 3 starts, a steep downtrend begins. Usually, wave 3 is the strongest of all waves. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
47
📈DYDX is going to retest or fall further📉 BINANCE:DYDXUSDT KUCOIN:DYDXUSDT Hello traders. I believe in DYDX, why? Because this all-season (before or after halving) DEX (decentralized exchanges) are going to be under more attention. right now, there are 3 scenarios in front of the traders. in 1 & 2, the price can retest the 2- or 4-hour Bollinger midline and then retest the lower level of the pitchfork. in 3, due to the heavy sell pressure, the price can sorely decrease below the 3.498 level. In that case, the bearish target would be $3.153. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Short
by CrazyS
3
XAUUSD 4H FVG Area and Finding Lower HighXAUUSD still on bearish trend on 4H TF and want to find their lower high (2047 - 2049). If trendline break very possible to going into their lower high before (2064 - 2065) or maybe higher at their higher OB (2085 - 2088). I am looking for Buy setup on LTF at 4H FVG. On LTF there is a support area too on 4H FVG. Pretty good for entry and waiting for rejection candle and CHoCH. But if there is a rejection after hit the trendline, we looking for sell setup.
FOREXCOM:XAUUSD
by BagasRG
#DXY possible bullish reverse head and shoulder patternI believe this bearish move, which we are observing in the 1-hour timeframe market structure, is a bearish corrective move. Consequently, there is a possibility of a bullish continuation move in the Dollar. Upon closer inspection, we can see the formation of a reverse head and shoulder pattern , which is an intrinsically reversal pattern and signals a potential bullish move. If the price manages to break above this bullish pattern and a short-term bearish trendline, we could assume that our higher timeframe bullish move would possibly continue. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
TVC:DXYLong
by mohemati
Bitcoin price action analysis can reach 30k ranges The price has lost 50 Moving average and EMA top. Heading to 100 and 200 moving averages. Hopefully 200 MA must give some support or else it can reach more downside .The lower low price action indicates bearishness and no sight of uptrend . On weekly scale a large bearish wick is worrisome .if price retraced from rectangular box with good volumes there can be hope to reach 48k ranges again for retracement. if price goes down and down the 1 day MA and EMA will print death cross which can lead to more downside in next month mid. thank you.if helpful like and follow for more updates.
Short
by Zakir-Ahmed
🔥 AUDUSD) bearish) hitting support levels)The Australian and New Zealand dollars slipped on Monday, guided lower by yuan weakness amid increasing deflationary pressure in China, while traders await a week packed with central bank meetings to keep buying into their interest rate-cut hope. The Aussie slipped 0.3% to $0.6556 AUDUSD , having fallen 1.5% last week in the first decline in four weeks. It eased 0.4% on Friday as an upbeat U.S. payrolls report saw investors scale back expectations for a March cut by the Federal Reserve, supporting the U.S. dollar. (FEDWATCH) Resistance is now at $0.6620 while support is $0.6526. The kiwi was off 0.1% at $0.6113 NZDUSD after a weekly drop of 1.4% to snap a three-week winning streak. It fell 0.8% on Friday, with support at $0.6104. The two Antipodeans - which are often sold as liquid proxies for China's currency - tracked the yuan lower USDCNY after data at the weekend showed consumer prices in China fell 0.5% in November, pointing to still-sluggish domestic demand despite recent hope that the economic slowdown had bottomed out. Looking ahead, the Antipodean currencies face critical tests this week from U.S. inflation data on Tuesday, a Federal Reserve meeting on Wednesday and Australian labour market data on Thursday. Markets are already pricing in an easing of more than 100 basis points from the Fed next year. The European Central Bank, Bank of England, Norges Bank and the Swiss National Bank also meet on Thursday. "The Aussie benefited from the broad USD slide in November but has pulled back sharply from potentially extending gains into 0.67-0.68," said Westpac strategist Tim Riddell. "Aussie may now be constrained by the cool investor response to China's fiscal stimulus measures and ongoing concern over property sector stress, notwithstanding the strength of iron ore prices." Australian yields tracked movement in U.S. Treasuries on Friday after the payrolls report sent bonds lower. The three-year Australian government bond yield (AU3YT=RR) rose 4 basis points to 3.956%, while the 10-year AU10Y was 2 bps higher at 4.334%. New Zealand will report third-quarter economic growth on Thursday, with analysts expecting gross domestic output to have expanded by a tepid 0.2% from the previous quarter's 0.9%.🙏
Short
by SMC-Trading-Point
Fundamental Shifting of USDJPY's Risk Sentiment Pressures PriceGreetings, Fellow Traders, Technicals and Chart Explanation Indicators Trendline: A trendline is a diagonal line connecting at least two price points, typically peaks or troughs, to determine the overall direction of a trend. In this case, the downward trendline suggests a prevailing bearish trend in USDJPY. Resistance: Resistance is a price level where upward momentum is likely to stall or reverse. In the USDJPY chart, the identified resistance level could act as a barrier for the price to break through, supporting the bearish outlook. Downward Pressure: Downward pressure refers to the selling force driving the price lower. In the USDJPY chart, the repeated instances of price retracing toward the trendline and resistance level indicate ongoing downward pressure from bears. Double Top Pattern: A double top pattern is a bearish reversal pattern formed when the price attempts to break upward twice but fails to surpass a previous resistance level. The double-top pattern observed in the USDJPY chart suggests a potential reversal of the upward trend and a continuation of the bearish trend. Target Zone: A target zone is a price range that a trend is expected to reach based on technical analysis. In this case, the lower target price at $145.16 represents a potential area where the bearish trend could find support. Forecast: A forecast is a prediction about the future movement of a price based on technical analysis and market sentiment. In this instance, the forecast suggests a potential continuation of the bearish trend in USDJPY, with the price potentially reaching the lower target zone. Chart As a discerning observer of market tendencies, I've identified a potential double top pattern on the USDJPY chart, preceding the recent bearish price action that gathered momentum and drove prices towards lower targets. This observable pattern, depicted above the candle formations, harmonizes with the prevailing downward trendline. Repeated instances of downward pressure exerted by bears, symbolized by the red circles, have guided the USD's descent toward this trendline. Currently, I discern a price range confined between resistance and the lower target price of $145.16. Therefore, I anticipate the potential continuation of this bearish trend. News and Fundamental Analytics Japan's Economy Stagnates as Yen Rebounds: Japan's economy, the third-largest in the world, grew at a mere 0.2% annualized rate in the third quarter of 2023, falling short of expectations and indicating signs of stagnation. This subdued economic growth could weigh on the Japanese yen, potentially further weakening USDJPY. US Economy Faces Recession Fears: The US economy has exhibited signs of slowing growth, raising concerns about a potential recession. If economic conditions in the US deteriorate, the dollar could lose its appeal, contributing to a further decline in USDJPY. Geopolitical Tensions Weigh on Risk Sentiment: Geopolitical tensions surrounding the war in Ukraine and other global conflicts have dampened risk appetite among investors. This risk-averse sentiment could drive investors towards safe-haven assets like the yen, further weakening USDJPY. Technical Indicators Signal Bearish Momentum: Technical indicators on the USDJPY chart, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest ongoing bearish momentum. These indicators could provide further confirmation of the downward trend in USDJPY. Please note that these observations are intended for entertainment purposes only and should not be construed as investment advice. It is crucial to conduct thorough research and make informed decisions when managing your investments. Warm regards, Ely
Short
by Elysian_Mind
2
🚀 UNI : Breaking from Bear Flags to Bull Wedge ! December 2021 marked a challenging period for Uniswap (UNI) as it navigated through a bearish flag pattern, experiencing a significant drop. Fast forward to the present, and UNI is staging a potential comeback. The charts reveal a pattern shift, transitioning from bearish flags to the formation of a much larger bullish structure—a falling wedge. Let's delve into this transformation. Chart Analysis: UNI's Evolution on the Charts In the closing months of 2021, UNI faced the bearish pressure of a flag pattern, resulting in a notable decline. However, the narrative takes a positive turn as UNI is now crafting a bullish story. A substantial falling wedge pattern has emerged, hinting at a potential reversal. The formation of this pattern, especially when larger in scale, often signifies a shift in market sentiment. Anticipated Move: Falling Wedge and the Road to Retesting Highs As UNI maneuvers within the falling wedge, chart analysts are optimistic about the potential upward trajectory. Falling wedges are typically regarded as bullish patterns, and the anticipation is that UNI might experience a breakout. Furthermore, market participants are eyeing a retest of upper boundaries post-breakout, a crucial step to validate the newfound bullish momentum. Trading Strategy: Capitalizing on UNI's Chart Dynamics Traders and investors observing UNI's chart dynamics may consider strategic moves within this falling wedge setup. Identifying entry points during the wedge's contraction phase and being prepared for potential breakout and retest scenarios could enhance trading strategies. Conclusion: UNI's Chart Renaissance Uniswap (UNI) is in the process of charting a new narrative, transitioning from bearish flags to the promise of a falling wedge. While past challenges are acknowledged, the evolving chart dynamics suggest a potential resurgence for UNI. 🚀 UNI Analysis | 🌐 Breaking Free from Bear Flags | 📉 Embracing the Falling Wedge ❗See related ideas below❗ What are your insights on UNI's chart evolution? Share your thoughts, trading strategies, and bullish expectations in the comments! 🌈🚀💚
Long
by Yaroslav_Krasko
Potential Bearish Reversal in BTC/USD Approaching Critical ResisBTC/USD has been on an impressive run, showing resilience and strength as it climbs the charts. However, as we approach significant resistance levels, a keen eye might spot the early signs of a potential shift in momentum. On the daily chart, we are hovering near the R2 pivot point resistance, which aligns with the Fibonacci retracement level of 61.8% – a critical juncture for traders. Technical Analysis: The price action near the R2 resistance level is beginning to show hints of exhaustion. After a prolonged uptrend, such signals are noteworthy. The R2 level has historically acted as a robust ceiling, and coupled with overextended indicators, it suggests a possible retracement. The Fibonacci retracement levels, drawn from the significant swing low to the recent swing high, provide a roadmap for potential support levels on a downward move. The 38.2% and 50% retracement levels could act as interim supports, but the target of 28000, close to the 0% retracement level, is where the eyes of bearishly-biased traders are set. Trading Strategy: Given the confluence of technical indicators and the reaction at R2, a cautious approach would be to consider short positions, with a clear stop-loss just above the R2 level to mitigate risk. Scaling into the position could be prudent, adding to it if and when we see confirmations of the bearish thesis in the form of bearish candlestick patterns or increasing sell volume. Risk Management: It's essential to remember that no prediction is set in stone. Markets can be unpredictable, and external factors can sway the price in either direction. Therefore, maintaining strict risk management protocols is vital. A stop-loss is recommended above the R2 level, and adjusting it according to the price action is crucial. Conclusion: While the bull run has been nothing short of extraordinary, all trends must eventually retrace. The current technical setup provides an intriguing opportunity for those with a bearish outlook on BTC/USD. As always, keep an eye on market news and sentiment, as they can quickly alter the technical landscape.
BITSTAMP:BTCUSDShort
by alireza787b
XAUUSD_13 Oct 2023_Several Reasons to Seek a Sales PositionThis analysis uses daily timeframe , and here are some reasons to support seeking a sales position: 1. Currently XAUUSD in bearish position 2. The price in bearish resistance 3. The price also in fibonacci retracement area 78.6 4. The price has the potential to develop a pattern AB=CD So, we can wait to seek a sale position like waiting for bearish candlestick pattern. Notes: This is not a recomendation to buy or sale, this is my own analysis. So, all all responsibility is yours. Thank you.
OANDA:XAUUSDShort
by moca_nomic
Ethereum is starting a new bull market! (after 2 years) After almost 2 years, ETH is starting a new bull market. It's still a great time to buy before ETH reaches 10,000–20,000 USDT per coin! So why is ETH bullish? To answer this question, we need to use the Elliott Wave theory and chart patterns on the weekly chart. As we can see, we have a strong Elliott Wave nest (1-2-1-2) with a combination of the previous ABC Zig Zag (3-3-3). This combo is indeed powerful! What's more, we can see an ascending triangle at the bottom of the trend, which is an even stronger bullish sign! You want to buy Ethereum and Bitcoin as soon as possible to earn a lot of money, as the price is still very cheap. Profits are already insane, so be greedy and enjoy the ride! What is the profit target? You do not want to sell ETH for less than 10,000 USD per coin, that's for sure. As per my analysis, ETH could reach 20,000 USD in 2025, which you will see in one of my next analyses, so make sure you are following me! But of course, in the short term, we have some strong resistances, such as the 0.618 FIB at 2534 USD. Definitely a good profit target for swing traders. I really look forward to 2024 and 2025, which will be bullish months! At this moment, probably 95% of traders are gone; they left the crypto space because, of course, they lost money during the previous bear market and were forced to sell their holdings. Some people may say that people should hold strongly and never sell, but if someone has to pay the bills, they are forced to sell it. So it's easy to say, right? This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. That's my outlook; be bullish and have a nice day! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
57
Bitcoin - Ready to reach 30k! (watch this trendline) Bitcoin is bullish and is ready to reach 29167 in the next few days or at the start of October. Of course, 30k will follow, but 29k is a strong resistance, and we should see a pullback from it! Watch this yellow trendline, which is a gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend, but be aware of a possible retest first. Your stop-loss needs to be safe! So why is the 29167 level of resistance strong? We have the 0.618 Fibonacci retracement of the previous downtrend, and we also have a point of control on the volume profile. What's more, it's the start of the fair value gap. I am definitely expecting a pullback from it! It's always important to do an Elliott Wave analysis because it gives us an outlook on the overall trend and market structure. In the downtrend from 31k to 25k, I see a complex correction—the triple-three pattern WXYXZ. This is a corrective move and shows a lot of weakness. That's why I am bullish! 26k is still a good price for Bitcoin to buy in the long term because I expect 120k in 2025. Why 125? Check out my profile or my previous analyses! It's also important to watch altcoins and how they are doing because it gives us another good indicator for Bitcoin. Of course, altcoins such as ETH, XRP, and DOGE are bullish. This was a quick update on the local price of Bitcoin. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
162
Not so OPtimistic moving forward on OPUSDT. See commentsOP/USDT 1-week: OP is looking weak after the "D" rejection at the upper trendline of this large descending channel. Also notice the inability to cross the 50 level on RSI, highlighted. Fisher descending trendline in effect. A potential bounce to the 1.45-1.60 level should be treated with scrutiny, as the long term picture indicates a prolonged bottoming process that could take us all the way to 0.30-0.35. Fib extension tool confirms this view with 1:618. Crucial support at 0.62 price level and that is the pivot point from Oct '22 as well as 1:1 Fib ext. For more insight follow PIK at EXMO Study!
Short
by PIKandExmoStudy